Pakistan's Soaring Debt and Economic Woes Limit Progress

Pakistan's debt has exploded to over $270 billion, equivalent to over $100,000 per person, trapping the population in a "debt trap".

Stabilizing the economy requires getting imports and exports into balance, containing inflation and sustaining growth.

Social sector investments in healthcare, education etc. are needed for long-term growth but limited by high military and debt repayment spending.

Tax revenues are far too low, around 15-20% of GDP, to address poverty and inequality.

The "elite bargain" of low taxes, high subsidies, and crony capitalism needs reform to create a more positive-sum game for equitable growth.